Utah § 7-9-50 - General limitation on liability.
Full text of Utah Utah Code § 7-9-50 — General limitation on liability., with citation guidance and answers to common questions.
§ 7-9-50. General limitation on liability.
7-9-50. General limitation on liability.
A director, supervisory committee member, credit committee member, or officer is not liable to the credit union, its members, its depositors, any conservator or receiver, or any assignee or successor-in-interest thereof, for any action taken, or any failure to take any action, as a director, supervisory committee member, credit committee member, or officer, as the case may be, unless:
| (1) | the director, supervisory committee member, credit committee member, or officer has breached or failed to perform the duties of the office in compliance with this title; and |
| (2) | the breach or failure to perform constitutes gross negligence, willful misconduct, or intentional infliction of harm on the credit union or its members. |
Amended by Chapter 302, 2025 General Session
Frequently Asked Questions About Utah § 7-9-50
What does Utah Code § 7-9-50 cover?
Section 7-9-50 ("General limitation on liability.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 7-9-50?
A common citation format is "Utah Code § 7-9-50" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 7-9-50 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.